Indian benchmark indices draw strength from RBI stance
Mar 02, 2016, at 10:52 pm
Mumbai, Mar 2 (IBNS) The Indian benchmark indices rallied for the second consecutive day on Wednesday to maintain their record gain in seven years riding on the back of performing banks stocks.
Maruti Suzuki Alto touches historic 30 lakh sales milestone
Mar 02, 2016, at 10:47 pm
New Delhi, Mar 2 (IBNS): Maruti Suzuki on Wednesday said Alto, India’s top selling model for over 10 years in a row, has crossed the 30 lakh sales milestone in the Indian market.
Tata Motors joins RE100 in drive for renewable power
Mar 02, 2016, at 09:03 pm
Kolkata / New Delhi, Mar 2 (IBNS): Tata Motors Limited, India’s largest automobile manufacturer, has become the second Indian company to join RE100 – a global collaborative initiative of the world’s most influential companies committed to 100% renewable power, led by The Climate Group in partnership with CDP.
Global Crude oil price of Indian Basket was US$ 33.22 per bbl on Tuesday
Mar 02, 2016, at 06:22 pm
New Delhi, Mar 2 (IBNS) The international crude oil price of Indian Basket as published on Wednesday by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 33.22 per barrel (bbl) on Tuesday. This was higher than the price of US$ 31.86 per bbl published on Monday.
RH Muralidhara appointed as BEML director
Mar 02, 2016, at 02:23 am
New Delhi, Mar 1 (IBNS) RH Muralidhara has been appointed as Director (Defence Business) and Member of the Board of BEML Limited, a Public Sector undertaking under the Ministry of Defence.
Mar 02, 2016, at 02:23 am
New Delhi, Mar 1 (IBNS) BEML LIMITED, a Public Sector undertaking under the Ministry of Defence, has bagged the prestigious order valued at Rs. 900 crores for the supply of Metro Coaches to Kolkata East-West Metro Line.
BHEL bags Rs.5,600 crore order for Supercritical Power Project in Tamil Nadu
Mar 02, 2016, at 01:28 am
Chennai, Mar 1 (IBNS) Reposing confidence in BHEL’s technological and project execution capabilities, Tamil Nadu Chief Minister J. Jayalalithaa handed over the Letter of Award (LoA) for setting up of the Main Plant Package for the 2x800 MW Uppur Supercritical Thermal Power Project (TPP) to Atul Sobti, CMD, BHEL, in Chennai.
Honda Cars India registers monthly domestic sales of 13,020 units in Feb
Mar 02, 2016, at 01:07 am
Mumbai, Mar 1 (IBNS): Honda Cars India Ltd. (HCIL), leading manufacturer of premium cars in India, registered monthly domestic sales of 13,020 units in February 2016 against 16,902 units in the corresponding month last year.
Infosys to offer healthcare analytics solutions on Microsoft intelligent cloud technology
Mar 02, 2016, at 12:27 am
Bangalore, Mar 1 (IBNS): Infosys, a global leader in consulting, technology and next-generation services, on Tuesday announced that it will collaborate with Microsoft Corp., a global leader in platform and productivity offerings, to deploy advanced analytics solutions to support healthcare organizations in their digital transformation.
Renault India registers 158% growth in February 2016
Mar 02, 2016, at 12:23 am
New Delhi, Mar 1 (IBNS): Renault India, one of the fastest growing automotive companies in India registered a robust growth of 158% with monthly domestic sales of 8834 units in February 2016 as against 3419 units in the corresponding month last year.
Tata Motors sales for February 2016 at 46,674 units
Mar 01, 2016, at 10:49 pm
Kolkata / Mumbai, Mar 1 (IBNS): Tata Motors continued to witness year-on-year growth in the M&HCV segment in February 2016, with a growth of 22%.
The financial market rallies on Tuesday on expectations of a RBI rate cut
Mar 01, 2016, at 10:42 pm
Mumbai, Mar 1 (IBNS) The Indian benchmark indices, which had reacted negatively to the Union Budget 2016 on Monday and posted a decline, rallied on Tuesday based on positive global cues and on expectations of a repo rate (the rate at which the central bank lends money to commercial banks) cut by the Reserve Bank of India (RBI).
Mahindra Two Wheelers sells 9952 units during February 2016
Mar 01, 2016, at 10:36 pm
Mumbai, Mar 1 (IBNS) Mahindra Two Wheelers Ltd. (MTWL), part of the USD 16.9 billion Mahindra Group, on Tuesday announced its sales numbers, which stood at 9952 units for February 2016.
India Yamaha Motor reports a domestic sales growth of 50% in February 2016
Mar 01, 2016, at 10:30 pm
New Delhi, Mar 1 (IBNS): India Yamaha Motor Pvt. Ltd. revealed a growth rate of 50% in domestic sales in February 2016, as compared to the corresponding period last year.
The government is not considering any roll back in the EPF taxation: Reports
Mar 01, 2016, at 10:02 pm
New Delhi, Mar 1 (IBNS) The finance ministry is not considering any roll back in the proposed taxation of Employee Provident Fund (EPF) withdrawal and there is lot of misinformation about the issue, according to government sources reported a television channel.
Union Budget ignores non-voting population: CRY
Mar 01, 2016, at 09:34 pm
Kolkata, Mar 1 (IBNS): The 2016-17 Union Budget has considerably increased outlays for the social sector; yet, children remain to be at the margins of policy discussions, interface, and allocations, CRY said.
Hyundai Domestic Sales Grew by 9.1%
Mar 01, 2016, at 09:33 pm
New Delhi, Mar 1 (IBNS) Hyundai Motor India Ltd, the country’s leading car manufacturer and the largest passenger car exporter registered the domestic sales of 40,716 units in February 2016.
Moody's: India's fiscal 2017 budget is moderately credit positive
Mar 01, 2016, at 09:30 pm
Singapore, Mar 1 (IBNS) Moody's Investors Service says that India's fiscal 2017 budget - which was released on Feb 29- is moderately credit positive for most sectors, but efforts at deficit reduction will remain challenging, while the effects for public-sector banks are negative.
Mahindra’s Auto Sector sells 44,002 units during February 2016
Mar 01, 2016, at 09:12 pm
Mumbai, Mar 1 (IBNS): Mahindra & Mahindra Ltd. , India’s leading SUV manufacturer, today announced its auto sales numbers which stood at 44,002 units during February 2016 as against 38,030 units during February 2015, representing a growth of 16%.
Titan Eyeplus unveils an exciting new brand identity
Mar 01, 2016, at 09:11 pm
Kolkata, Mar 1 (IBNS) Eyewear brand Titan Eyeplus unveiled a new brand logo that has a minimalistic and contemporary look, reflecting a youthful persona of the brand.
Jet Airways makes Amit Agarwal as Acting Chief Executive Officer
Mar 01, 2016, at 09:00 pm
Mumbai, Mar 1 (IBNS): Jet Airways’ Chief Financial Officer, Amit Agarwal is taking on the responsibility as Acting Chief Executive Officer effective Mar 1.
Jet Airways to relocate domestic flight operations in Mumbai to terminal 2
Mar 01, 2016, at 08:51 pm
Mumbai, Mar 1 (IBNS): Jet Airways, India’s premier international airline, will relocate its domestic operations to the state-of-the-art Terminal 2 (T2) at Mumbai’s Chhatrapati Shivaji International Airport (CSIA) in Sahar on Mar 15.
Dissatisfaction over EPF tax may compel government to consider the decision
Mar 01, 2016, at 07:20 pm
New Delhi, Mar 1 (IBNS) The central government is likely to consider a partial rollback of the Employee Provident Fund (EPF) tax on fund withdrawals proposed in the Union Budget 2016 by finance minister Arun Jaitley on Monday following wide-spread dissatisfaction expressed by the salaried employees, according to media reports.
Global Crude oil price of Indian Basket was US$ 31.86 per bbl on Monday
Mar 01, 2016, at 06:41 pm
New Delhi, Mar 1, (IBNS) The international crude oil price of Indian Basket as published on Tuesday by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 31.86 per barrel (bbl) on Monday. This was lower than the price of US$ 32.53 per bbl on published on Friday.
WhatsApp to discontinue services for several Nokia, Blackberry phones
Mar 01, 2016, at 05:45 pm
Mountain View, California, Mar 1 (IBNS) Text messaging service WhatsApp in their latest blog said that the company is about to discontinue their services for several Nokia and Blackberry phones.
Govt has made affordable housing national agenda: MB Infrabuild
Mar 01, 2016, at 05:05 am
New Delhi, Feb 29 (IBNS): Simarjit Bhogal, Snr Consultant, MB Infrabuild Pvt Ltd, on Monday said Arun Jaitley's Union Budget has made affordable housing a national agenda with a mandate of 22 million homes by 2022.
Budget 2016-17 has a few very good positive points: Vadilal Industries
Mar 01, 2016, at 04:29 am
New Delhi, Feb 29 (IBNS): Devanshu Gandhi, MD, Vadilal Industries Ltd, on Monday said Arun Jaitley's Budget 2016-17 has a few very good positive points.
Budget promotes affordable housing: NAREDCO
Mar 01, 2016, at 04:18 am
New Delhi, Feb 29 (IBNS): National Real Estate Development Council (NAREDCO) welcomed the Budget as growth-oriented which will provide impetus to agriculture, infrastructure and rural sector development.
Power2SME says Budget 2016-17 laid emphasis on job creation
Mar 01, 2016, at 04:01 am
New Delhi, Feb 29 (IBNS): R Narayan, Founder and CEO, Power2SME, on Monday said Budget 2016-17 laid special emphasis on job creation and outlined measures to facilitate ease of doing business.
Budget 2016-17 has set direction for inclusive growth: Symphony
Mar 01, 2016, at 03:32 am
New Delhi, Feb 29 (IBNS): Achal Bakeri, CMD, Symphony Ltd on Monday said Union Finance Minister Arun Jaitley's budget 2016-17 has set the direction for a balanced and inclusive growth.